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JLS

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Posts 7863
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Alias Born 12/14/2004

JLS

Re: None

Thursday, 03/16/2023 2:49:14 PM

Thursday, March 16, 2023 2:49:14 PM

Post# of 3573
Bought NCLH shares this morning.

Paid a few pennies above $13 for the shares, then I immediately sold $13.50 CCs that expire tomorrow and the net result of that is my total cost of buying those shares is now below $13. Easy, peasy.

Going forward in time, I can now sell weekly $13.00 CCs against NCLH week after week until the shares are assigned away. That is how I trade any stock all the time -- via Buy/Writes. It works extremely well.

If the market decides that NCLH should go down week after week, it's relatively easy to follow that by continuing to sell CCs on NCLH every week.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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